Our new “apprenticeship” program: We concluded a co-op pilot program with a F500 company that was highly successful and has started its second iteration in 2024. So, what makes this Co-op program different: https://lnkd.in/eGex9fzK.
It is based on the European apprentice programs, whereby students work part time as an integral part of their studies. The advantages are that students learn from hands-on experience, while also earning college credits.
It is not students with a part time job next to their studies. In this program students work with company mentors and WMU-SCM faculty on projects that are directly linked to the SCM curriculum. At the end of every semester presentations are made to the company and WMU-SCM faculty members. At this point it is decided if both parties want to continue the engagement and, what the student’s grade is. Students can earn up to three courses (nine credit hours).
Our new “apprenticeship” program: We concluded a co-op pilot program with a F500 company that was highly successful and has started its second iteration in 2024. So, what makes this Co-op program different: https://lnkd.in/eGex9fzK.
It is based on the European apprentice programs, whereby students work part time as an integral part of their studies. The advantages are that students learn from hands-on experience, while also earning college credits.
It is not students with a part time job next to their studies. In this program students work with company mentors and WMU-SCM faculty on projects that are directly linked to the SCM curriculum. At the end of every semester presentations are made to the company and WMU-SCM faculty members. At this point it is decided if both parties want to continue the engagement and, what the student’s grade is. Students can earn up to three courses (nine credit hours).
Our new “apprenticeship” program: We concluded a co-op pilot program with a F500 company that was highly successful and has started its second iteration in 2024. So, what makes this Co-op program different: https://lnkd.in/eGex9fzK.
It is based on the European apprentice programs, whereby students work part time as an integral part of their studies. The advantages are that students learn from hands-on experience, while also earning college credits.
It is not students with a part time job next to their studies. In this program students work with company mentors and WMU-SCM faculty on projects that are directly linked to the SCM curriculum. At the end of every semester presentations are made to the company and WMU-SCM faculty members. At this point it is decided if both parties want to continue the engagement and, what the student’s grade is. Students can earn up to three courses (nine credit hours).
Because of the required time, effort, and resources, i.e., investments, that the employer commits to the students, the learning experience and personal growth the students achieve from the Co-op program is unique.
At the same time, the engagement between employer firm and WMU-SCM faculty improves on our industry relations, and provides yet additional opportunities for research support from the firm to the WMU-SCM program.
The next company who will start a similar Co-op program will be another F500, yet another board member AND a corporate sponsor of the WMU-SCM program, underlining the commitment of our industry partners to the success of our students.
Students are selected through a half day long hiring event. Together with employer and input from the WMU SCM leadership, we pre-select students. We travel up to HQ with them, where the students take an office tour, learn about the company, and they take part in interviewing sessions with several managers.
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WMU Supply Chain Management Program:
https://lnkd.in/erU3yTTW
More WMU SCM student success stories…
https://lnkd.in/emQrD2mk
The Supply Chain Of Supply Chain Talent Is Broken:
https://lnkd.in/euv9nwwc
when my SCM students ask: Shouldn’t I major in Finance or Accounting if I want to become a CEO? I said: Well, being able to talk CFO talk is critical to long term success, but you might want to give this supply chain thing some thought – CEOs Will Come from an Unlikely Place: The Supply Chain (examples)…https://lnkd.in/gT-6EjjB.
Note, (I encourage my SCM students to get an Accounting minor): College Accounting to me feels like Supply Chain Finance. The Accounting Minor for SCM Majors seems like a great fit & has grown on me. Long term in your careers, understanding SCM Finance will be critical. The worlds of Finance & SCM have collided. Your opportunities are endless if you learn how to talk to the CFO…https://lnkd.in/guejd-vi.
Two classes in our Accounting minor, good fit for SCM types, right?: 3220: Cost & Managerial Accounting and ACTY 4220: Cost Mgmt & Analytics. FYI, we make EVERY business major take FIN 3200 – Business Finance Decisions.
3220: Cost & Managerial Accounting – A study of the accounting methodology & concepts that have been developed to serve managers in decision-making for planning and control. This course covers budgeting, standard cost variance analysis, incremental analysis, cost & profit analysis, relevant costing, & product costing concepts & practices.
ACTY 4220: Cost Mgmt & Analytics – This course examines the information needs of managers in performing the planning, decision-making, and performance evaluation functions required for managing costs inside of an organization. Specific topics addressed in the course might include costing of products and services, cost allocations, activity-based costing, relevant costs, costs of quality, budgeting, absorption & variable costing, transfer pricing, & performance measurement. The emphasis will be on the appropriate use of costing info for optimal decision-making. How specific analytic tools can be used will also be examined. Concepts from financial accounting, economics, mgmt science, Ops Research, stats, finance, & OB are also integrated.
A great book read for CFO types that want to understand SCM types (or the other way around?): “Supply Chain Metrics that Matter”…The book links corporate financials to supply chain maturity, & what metrics matter most.
CFO to CFO: Finance and Supply Chain Management…https://lnkd.in/gFv3gqgn.
I could not help myself & asked chatGPT- Why do so many c-suite executives have graduate degrees in Finance? See:
https://lnkd.in/g3PDJwSG